Electric Car Discounts Up to $7,000 Start October 1st

PRESS RELEASE

Electric Car Discounts Up to $7,000 Start October 1st

REDWOOD CITY, CA ? September 24, 2019 ? Peninsula Clean Energy is again offering a popular electric vehicle (EV) discount program that saves thousands of dollars for San Mateo County residents through a partnership with seven participating local auto dealers. The program combines guaranteed savings from dealerships with Peninsula Clean Energy incentives of $1,000 for all-electric cars or $700 for plug-in hybrids. The time-limited discounts are available from October 1 through December 31, 2019.

The discounts from participating dealerships plus the Peninsula Clean Energy incentives result in significant reductions from the Manufacturer's Suggested Retail Price (MSRP) for the purchase of the following 2019 models:

? $7,000 off the Chevy Bolt at Putnam Chevrolet in Burlingame ? $3,500 off the Nissan Leaf at Nissan of Burlingame ? $3,200 off the Ford Fusion Energi at Serramonte Ford in Colma ? $3,000 off the BMW i3 at Peter Pan BMW in San Mateo ? $2,600 off the Chrysler Pacifica Hybrid minivan at Stewart Chrysler in Colma ? $1,700 off the Honda Clarity Plug-In Hybrid at Honda of Serramonte in Colma ? $1,550 off the Toyota Prius Prime at Toyota 101 in Redwood City

Buyers may stack these savings with manufacturer discounts and state and federal EV tax incentives, potentially saving an additional $10,800 or more per purchase. The program also offers significant savings on leases. See ev for details.

"We are thrilled to be able to offer our customers this incredible opportunity to buy or lease a new electric vehicle and save thousands of dollars," said Jan Pepper, CEO of Peninsula Clean Energy. "Each EV also saves its owner an average of $1,200 a year on fuel and maintenance costs compared to a gas-powered car."

"This program has tremendous benefits," said State Assemblymember Kevin Mullin, a San Mateo County resident and program participant in 2018. "The generous rebates and the ability to reduce my dependence on fossil fuels made it an easy decision for me."

The program is part of Peninsula Clean Energy's comprehensive approach to electrifying transportation in San Mateo County. The effort also includes providing $4,000 incentives to lowincome residents for purchasing used EVs, funding the installation of thousands of additional local EV chargers over the next four years, and supporting schools and municipalities in electrifying their fleets.

Fossil-fueled transportation is by far the largest single source of greenhouse gas (GHG) emissions in San Mateo County, emitting 61 percent of the GHGs Countywide.

About Peninsula Clean Energy Peninsula Clean Energy () is San Mateo County's official

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electricity provider. It is a public not-for-profit local community choice energy agency that provides all electric customers in San Mateo County with cleaner electricity at lower rates than those charged by the local investor-owned utility. Peninsula Clean Energy saves its customers an estimated $18 million a year. Formed in March 2016, Peninsula Clean Energy is a joint powers authority made up of the County of San Mateo and all 20 cities and towns in the County. The agency serves approximately 290,000 accounts.

Peninsula Clean Energy Contact Kirsten Andrews-Schwind Peninsula Clean Energy kandrews-schwind(at) M: 650.260.0096

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